Hess Midstream LP Announces Distribution Per Share Level Increase
Hess Midstream LP Class A Representing Limited Partner Interests (HESM)
Last hess midstream lp class a representing limited partner interests earnings: 1/29 08:00 am
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Source: Business Wire
HOUSTON--(BUSINESS WIRE)--Hess Midstream LP (NYSE: HESM) (“Hess Midstream”), today announced that the Board of Directors of its general partner declared a quarterly cash distribution of $0.6846 per Class A share for the quarter ended September 30, 2024, an increase of $0.0169 per Class A share as compared with the second quarter of 2024. This quarterly increase includes incremental distribution per Class A share growth utilizing excess adjusted free cash flow available for distributions following Hess Midstream’s accretive $100 million unit repurchase in September 2024 and, on an annualized basis, is significantly above Hess Midstream’s targeted 5% growth in annual distributions per Class A share through 2026.“We continue to execute on our differentiated financial strategy, prioritizing consistent and ongoing return of capital to our shareholders,” said Jonathan Stein, Chief Financial Officer of Hess Midstream. “With today’s announcement, we have once again utilized our excess adj
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HESM
News
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- Hess Midstream LP to Participate in Wells Fargo Annual Midstream, Energy & Utilities Symposium [Yahoo! Finance]Yahoo! Finance
- Hess Midstream LP to Participate in Wells Fargo Annual Midstream, Energy & Utilities SymposiumBusiness Wire
HESM
Earnings
- 10/30/24 - Beat
HESM
Sec Filings
- 11/12/24 - Form 4
- 11/12/24 - Form 144
- 11/8/24 - Form SC
- HESM's page on the SEC website